REG - Cropper(James) PLC - AGM Trading Update

James CropperAnnouncement

Wed 07:00

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RNS Number : 7080X  Cropper(James) PLC  03 September 2025

3 September 2025

 

 

James Cropper plc

("James Cropper", the "Company" or the "Group")

 

AGM Trading Update

 

James Cropper plc, the Advanced Materials and Paper & Packaging group,
provides a trading update for the 18-week period ended 2 August 2025 ("the
Period"), ahead of its Annual General Meeting taking place at 11:30am today.

 

Performance in the Period has been slightly ahead of expectations in both
divisions with good progress in the execution of the Board's updated strategy,
outlined at the Capital Markets Event on 18 June 2025.  With disciplined cash
management in line with our recently stated capital allocation policy, and the
benefit of £1.2m net receipts from the sale of non-core assets, net debt of
£10.3m as at 2 August 2025 has reduced from £12.9m since 29 March 2025
("FY25"), the end of the Group's last financial year, and is £5.0m lower than
the position at the same time last year.

 

The Board is confident in the performance of the Group for the full year
ending in March 2026, with the Group targeting significant growth in Adjusted
EBITDA against FY25. The roll out of our revised strategy is proceeding as
planned with expectations of improved mid-term prospects of both the Advanced
Materials and Paper & Packaging businesses.

 

David Stirling, CEO, stated:

 

"I am pleased we are making progress on our three key objectives: sales growth
in Advanced Materials, improving profitability in Paper & Packaging and
disciplined cash management to embed leverage below 2x EBITDA. The business is
becoming more agile and streamlined to deliver our objectives, which will
create long-term value for shareholders as we make progress against our
recently introduced strategy."

 

-ENDS-

Enquiries:

 

 James Cropper plc                                            Tel: +44(0)1539 722002

 David Stirling, Chief Executive Officer

 Andrew Goody, Chief Financial Officer

 Shore Capital - Nominated Adviser and Broker                 Tel: +44 (0)207 408 4090

 Daniel Bush, David Coaten, Henry Willcocks, Lucy Bowden

 IFC Advisory - Financial PR                                  Tel: +44 (0) 203 934 6630

 Graham Herring, Tim Metcalfe, Zach Cohen                     james.cropper@investor-focus.co.uk (mailto:james.cropper@investor-focus.co.uk)

About James Cropper plc

James Cropper plc is globally recognised for its specialist capabilities in
the design and manufacture of advanced materials and paper products. Operating
through two principal businesses - Advanced Materials and Paper &
Packaging - and built upon 180 years of innovation, the Group serves a
diverse range of customers with high-performance solutions tailored to
specialised applications.

 

The Advanced Materials business develops cutting-edge nonwoven materials and
electrochemical coatings for sectors including aerospace, clean energy, and
defence. The Paper & Packaging business offers premium creative papers
and bespoke moulded fibre packaging together with leading recycled-fibre
capabilities and products, supporting the transition to a circular economy.

 

Headquartered in Burneside (UK), with additional manufacturing sites
in Crewe (UK), Launceston (UK), and Schenectady (USA), James Cropper
leverages deep expertise in material science and longstanding partnerships
with industry-leading businesses and brands to develop bespoke solutions that
meet complex technical and aesthetic specifications.

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